Phillips 66 (PSX) Stock Price, Fundamentals & Analysis

What PSX does

Phillips 66 (PSX) is an integrated downstream energy provider that operates across the United States, the United Kingdom, Germany, and other international markets. The company works through five business segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment handles the transportation, terminaling, storage, and marketing of crude oil, refined products, natural gas, and natural gas liquids, and also exports liquefied petroleum gas. The Chemicals segment produces and markets a range of products including ethylene, olefins, aromatics, styrenics, and specialty chemicals used in industries such as drilling and mining. The Refining segment processes crude oil and other feedstocks into products like gasoline, distillates, and aviation fuels, while the M&S segment purchases and resells refined products in the marketplace. Phillips 66 is part of the S&P 500, and its refining and chemicals operations place it alongside peers such as Diamondback Energy (FANG), Oneok (OKE), EQT Corporation (EQT), and EOG Resources (EOG).

Key numbers explained

• 256.48 USD — the current share price, representing what one share trades for on the market.
• 102.34 mld. USD — the market capitalisation, calculated by multiplying the share price by the total number of shares outstanding; it reflects the market's overall valuation of the company.
• 14.6 — the trailing P/E ratio, which divides the current share price by the last twelve months of earnings per share; a lower P/E can suggest the stock is priced more conservatively relative to its recent earnings.
• 10.3 — the forward P/E ratio, based on expected future earnings; it is often used to assess how the market values the company's growth prospects.
• 17.51 USD — the trailing twelve-month earnings per share, showing how much profit the company has generated per share over the past year.
• 1.98% — the dividend yield, which expresses the annual dividend payment as a percentage of the share price and helps investors compare income returns across stocks.
• 0.7 — the beta, a measure of the stock's volatility relative to the overall market; a beta below 1 suggests the stock has historically moved less than the market.
• 88% — the price change over the last 52 weeks, showing the total return from the lowest to the current price over the past year.

Recent news

Recent headlines reference a discussion of existing home mortgage lock-in effects, aggressive analyst upgrades across five stocks, and a market call for more supply that notes refiners do not plan to provide it. Other stories cover retail expansion at Par Pacific and the diversified refining base of HF Sinclair, while a Zacks analyst blog highlights Valero, Phillips 66, and Eni together.

What to watch

Investors tracking Phillips 66 may monitor refining margins and crack spreads, which reflect the profitability of turning crude oil into finished fuels and chemicals. The company's exposure to commodity prices, particularly crude oil and natural gas, can influence both costs and revenues. Regulatory developments in the United States and Europe, as well as shifts in fuel demand and renewable fuel policy, are also relevant factors. For those interested in the broader refining sector, comparisons with peers like Halliburton (HAL) or Rompetrol Well Services S.A. (PTR) can provide additional context.